Purchase Shriram Transport Finance Company, target cost Rs 1700: Emkay Global Financial Services

Synopsis Shriram Finance, integrated in the year 1979, is a Large Cap business (having a market cap of Rs 50248.14 Crore) operating in NBFC sector.iStockPromoters held 29.3 percent stake in the business since 30-Jun-2022, while FIIs owned 49.97 percent, DIIs 15.23 per cent.Emkay Global Financial Services has purchase contact with a target cost of Rs 1700. The present market value of Shriram Transport Finance Company is Rs 1345., integrated in the year 1979, is a Large Cap business (having a market cap of Rs 50248.14 Crore) operating in NBFC sector. Shriram Finance crucial Products/Revenue Segments consist of Interest, Income From Sale Of Share & Securities, Income From Financial Services, Fees & Commission Income, Other Operating Revenue and Rental Income for the year ending 31-Mar-2022. Financials For the quarter ended 30-09-2022, the business has actually reported a Consolidated Total Income of Rs 5351.28 Crore, up 3.92 % from last quarter Total Income of Rs 5149.26 Crore and up 13.79 % from in 2015 exact same quarter Total Income of Rs 4702.81 Crore. Business has actually reported net earnings after tax of Rs 1066.87 Crore in most current quarter. The business’s leading management consists of Mr.S Lakshminarayanan, Mr.Umesh Revankar, Mr.Parag Sharma, Mr.D V Ravi, Mr.Ignatius Michael Viljoen, Mr.Y S Chakravarti, Mrs.Kishori Udeshi, Mr.S Sridhar, Mr.Pradeep Kumar Panja. Business has & Srinivasan as its auditors. As
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